1. The Housing Sector, Interest Rates and Unemployment Examined
... an important factor in driving house price performance; however, Khatri (2003) notes that differences in mortgage market structures mean that for some countries, short-term interest rates play a greater role in housing demand than long-term rates. Nevertheless, despite the prevalence of different housing finance systems and rates of owner occupation, those countries with the strongest labor markets and wage growth, ... and relatively larger falls in interest rates, experienced the most rapid rise in house prices in recent years. There have been a number of significant studies completed i...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate